Nifty Heads Into Monday on an 8-Week Losing Streak as Hormuz Strikes, OPEC+ Hold and RBI Week Converge
Indian equities head into Monday's session after Nifty's eighth straight weekly fall, its longest losing run since 2001. Since Thursday's close, a weak US jobs print cut October Fed hike odds, four tankers were hit near Hormuz and OPEC+ held November targets. RBI's MPC meets from Monday.
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FIIs sold about Rs 9,484 crore on Oct 1 as DIIs bought Rs 10,042 crore. Brent settled near $102, the rupee at 96.32 per dollar. Gold lost about 3.5% on the week near $4,140. Bitcoin holds near $84,700. The RBI decision is due Oct 7, with Q2 earnings season close behind.